The housing market is “relatively stable” despite the fact that many people still struggle to buy their first home. According to Nationwide, Britain’s third largest mortgage lender, the average house
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The owner of British Gas has seen its profits plummet dramatically due to a decline in wholesale gas prices and a continued drop in energy prices. Centrica’s adjusted profits have
The Nationwide Group is the first major lender to offer a mortgage for five years at a rate of less than 4 percent in recent months. Lower borrowing costs have
Buy-to-let mortgage values have shrunk, for the first three decades. This is due to the high borrowing costs and lending regulations that are forcing landlords out of the market. UK
Labour’s ambitious plan to “get Britain back building” has been dealt a major blow after one the country’s largest developers announced that it would be building fewer homes over the
Lloyd’s of London’s opposition casts doubt on plans for City Tower The decision on whether to approve London’s tallest skyscraper was delayed after new criticisms that the design would “robb”
Norway has blocked the sale the last privately-owned property on Svalbard. Invoking national security concerns amid increased activity by Russia and China in Arctic Ocean. Oslo’s centre left government told
According to the CEO of one of UK’s biggest listed landlords, office buildings are “melting ice” for investors due to how quickly they depreciate in the current market. Andrew Jones
In May, house prices in China fell at their fastest rate in nearly 10 years as an oversupply of properties hit the demand despite renewed government efforts to support the
Crest Nicholson, the UK’s largest housebuilder, has cut its dividend and fallen into the red. This highlights the difficulties in the UK real estate sector. The FTSE 250 company warned
A major housebuilder in Britain said that it had made a £650m offer for a competitor developer, as the construction sector is struggling with a severe recession. Bellway informed investors
Blackstone, a US private equity firm, has agreed to buy a number of new homes in the UK to take advantage of soaring rental prices. Blackstone has purchased up to
British Land sold its Meadowhall shopping center in Sheffield to a joint venture partner, a move that highlights the steep decline in retail property prices over the last decade. Norwegian
Private landlords are claiming to be selling their properties, and some blame the uncertainty created by the government’s delays in reforming rental laws. According to official figures, more than 4/10
China may buy millions of unsold homes as part of an ambitious plan to address its current property crisis. Beijing has reportedly been consulting with officials from local governments on
London’s stock market, which has been in turmoil for years, is about to get a boost from a City Property Trust that will list a £500m trust. Special Opportunities REIT
